The percentage of CEOs who are confident that global economic growth will improve in 2016 is declining and more are pessimistic about 2016’s outlook than they were last year, MarketWatch reported.
According to a survey produced by PwC, business executives looking to grow their business this year are concerned mostly about government regulation, political uncertainty, and exchange-rate volatility.
“A full 79% of CEOs surveyed said overregulation was their main concern, marking the fourth straight year that fear has risen in the rankings,” the article states. “As many as 74% cited geopolitical uncertainty as a major concern, highlighting the risk of terror attacks as well as regional conflicts.”
The survey finds that two-thirds of chief executives say they face more threats today than three years ago and many are concerned about global conflicts and cybersecurity.
“China remains a major focus for CEOs, as the world’s second biggest economy rises in importance for their own growth as well as for the economy,” states the article. “China’s slowing growth, the indebtedness of its local governments and a softening manufacturing sector have been spooking investors and roiling stock markets since the start of the year.”